Remove Government Remove Mechanic Remove Operator
article thumbnail

Oil Firms Brace for Impact as Brazil Revamps Tax Benchmark

OilPrice

Brazil has revised its rules for setting the reference price for crude oil produced in the country in a bid to boost government revenues from royalties paid by oil companies operating in Brazil. Oil companies operating in Brazil have not exactly celebrated the changes, which will affect how tax and…

Royalty 204
article thumbnail

APIKUR Welcomes Intensified Talks to Resume Oil Exports

Iraq Business News: Oil & Gas

The Association of the Petroleum Industry of Kurdistan (APIKUR) has welcomed it described as renewed and intensified negotiations between the Kurdistan Regional Government (KRG) and the Government of Iraq (GoI) aimed at resuming oil exports via the Iraq-Türkiye Pipeline (ITP).

Oil 59
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The First Oil Well in the World – Bibi Heybat

Aresco

This ancient oil field is widely regarded as the location of the first mechanically drilled oil well in the world, predating Drake’s well by several years. The 1846 Breakthrough: Bibi Heybat Well In 1846, long before the American oil boom, the world’s first mechanically drilled oil well was completed at Bibi Heybat, just south of Baku.

Oil 111
article thumbnail

Mach Natural Resources LP Announces Transformative Acquisitions in the Permian Basin and San Juan Basin

Oil & Gas 360º

Pro Forma Mach Pro forma Mach will operate across three distinct regions – the Mid-Continent, Permian and San Juan basins. Key Highlights Attractively Priced and Immediately Accretive to Cash Available for Distribution $1.3 Key Highlights Attractively Priced and Immediately Accretive to Cash Available for Distribution $1.3

Basin 130
article thumbnail

EnerCom announces Liberty Energy and Baker Hughes as Keynote Speakers at the 30th annual EnerCom Denver – The Energy Investment Conference, August 17-20, 2025

Oil & Gas 360º

in Mechanical Engineering from the University of Alberta and has held previously roles at Sanjel Corporation, Zodiac Exploration, and Pinnacle Technologies, specializing in hydraulic fracturing in unconventional reservoirs. from 2018-2022, a provider of integrated specialty industrial services with operations in over 20 countries.

Energy 130
article thumbnail

The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

An expansion of the EU ETS that covers buildings and road transport emissions is expected to be fully operational by 2027. To remain competitive in this new context, companies are investing in decarbonizing their operations. In the PNIEC, the government reported that 67.9 Mtpa, COD 2022). 2 Comparing €39/ton in a 0.6

article thumbnail

The Future of Fuel Gas Conditioning | Trends and Innovations

Pro-Gas Services

Today, it is an area ripe with innovation, driven by stricter environmental regulations, the demand for unprecedented operational efficiency, and the rise of new and unconventional gas sources. This data is fed back to a central control room, often miles away, allowing operators to monitor performance remotely.

Gas 52